Noida-based EbixCash files DRHP for Rs 6,000 cr IPO of fresh shares

The company may also consider raising further equity including a rights issue of up to Rs 1,200 crore. If this placement is completed, the fresh issue size will be reduced

EbixCash Limited, the Indian subsidiary of Nasdaq listed Ebix Inc, has filed its draft red herring prospectus (DRHP) with market regulator Sebi to raise Rs 6,000 crore via an initial public offering (IPO).

The offer consists entirely of a fresh issue of shares and also includes reservation for subscription by eligible employees.

Additionally, the company, in consultation with the lead bankers to the issue may consider a further issue of equity shares including a rights issue aggregating up to Rs 1,200 crore. If such placement is completed, the fresh issue size will be reduced.

From the proceeds of the issue,